Greeks.live: Today Crypto Options Gearing Up for Quarterly Expiry, $15.12 Billion Nominal Value of BTC, ETH Options Set to Expire

BlockBeats News, March 27th, Greeks.live posted on social media, stating, "March 27 options expiry data: 68,000 BTC options expiring, Put Call Ratio at 0.56, max pain at $74,000, notional value of $13 billion. 370,000 ETH options expiring, Put Call Ratio at 0.56, max pain at $2,250, notional value of $21.2 billion.

Today is quarterly options expiry day, with around 36% of Bitcoin and Ethereum options expiring. A large number of options have been rolled over this week, peaking at over 40% of the total options open interest. Furthermore, due to the significant expiry day, the call ratio is very high, with a PCR of only 0.56.

Despite market volatility, Bitcoin's trading activity remains low. Looking at the major options data, Bitcoin's main term IV is at 51%, ETH's main term IV is at 70%. The continued decrease in RV is causing the VRP to rise, with the 15D VRP reaching nearly 20% in the first half of this week. In the first quarter of this year, Bitcoin has performed poorly in both price and activity, leading to a lack of market confidence, with hopes of improvement in the second quarter."